Vietnamese man charged in $16 million ‘pig butchering’ crypto scam

Vietnamese man charged in  million ‘pig butchering’ crypto scam
A Vietnamese national, Trung Nguyen Van, was charged with money laundering for allegedly helping move more than $16 million in cryptocurrency from a pig butchering scam that targeted a victim through a fake investment platform called Triangle. Court documents say his wallets received over $53 million in illicit crypto tied to wire fraud schemes, while U.S. authorities continue to warn that pig butchering scams are driving massive losses nationwide. #TrungNguyenVan #Triangle #FBI #ScamCenterStrikeForce

Keypoints

  • Trung Nguyen Van was charged with money laundering in the United States.
  • A victim lost about $16 million in cryptocurrency through the Triangle investment scam.
  • Van allegedly moved the stolen funds into a private, unhosted crypto wallet.
  • His wallets reportedly received over $53 million from wire fraud schemes.
  • Authorities say pig butchering scams continue to cause billions in losses to victims.

Read More: https://www.bleepingcomputer.com/news/security/vietnamese-man-charged-in-16-million-pig-butchering-crypto-scam/